Quarterly report pursuant to Section 13 or 15(d)

Common Stock Warrants

v3.19.2
Common Stock Warrants
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Common Stock Warrants

NOTE 8 – COMMON STOCK WARRANTS

 

On January 11, 2019, in conjunction with that certain Securities Purchase Agreement entered into on the same date, the Company granted certain institutional investors warrants to purchase up to 1,550,000 shares of Common Stock at an exercise price of $4.64 per warrant share. There were no warrants exercised from this SPA during the six months ended June 30, 2019.

 

On February 8, 2019, in conjunction with that certain Underwriting Agreement entered into on the same date, the Company granted certain investors warrants to purchase an aggregate of up to 8,932,500 shares of Common Stock in an underwritten public offering. The exercise price of the warrants is $0.14 per warrant share due to a price reset triggered by the at-the-market transaction. During the six months ended June 30, 2019, there were 52,500 warrants exercised for net proceeds of $24,151. There are 8,880,000 warrants remaining as of June 30, 2019.